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Director at First US Bancshares (NASDAQ: FUSB) awarded phantom units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

FIRST US BANCSHARES, INC. director Robert C. Field reported a grant of 398.64 Phantom Stock Units on common stock. The units were awarded at $15.30 per unit and increase his deferred Phantom Stock Unit balance to 2,248.71 units.

The phantom units convert into common stock on a 1-for-1 basis and are to be settled in common shares at the end of the deferral period. The reported balance includes 6.48 units attributable to quarterly dividends accrued under the Non-Employee Directors' Deferred Compensation Plan.

Positive

  • None.

Negative

  • None.
Insider FIELD Robert C
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock Units 398.64 $15.30 $6K
Holdings After Transaction: Phantom Stock Units — 2,248.71 shares (Direct)
Footnotes (1)
  1. The units convert to common stock on a 1-for-1 basis. Includes 6.48 shares attributable to quarterly dividends accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan. The phantom stock units were accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan and are to be settled in common stock at the end of the deferral period.
Phantom Stock Units granted 398.64 units Award to director Robert C. Field on Phantom Stock Units
Grant valuation price $15.30 per unit Reported transaction price for Phantom Stock Unit grant
Total Phantom Stock Units after grant 2,248.71 units Director Robert C. Field’s deferred Phantom Stock Unit balance following transaction
Dividend-accrued units 6.48 units Units attributable to quarterly dividends under deferred compensation plan
Underlying common stock equivalent 1-for-1 share basis Each Phantom Stock Unit converts into one share of common stock
Phantom Stock Units financial
"The units convert to common stock on a 1-for-1 basis."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Non-Employee Directors' Deferred Compensation Plan financial
"accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan"
deferral period financial
"to be settled in common stock at the end of the deferral period."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
FIELD Robert C
(Last)(First)(Middle)
3291 US HIGHWAY 280
(Street)
BIRMINGHAM ALABAMA 35243
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FIRST US BANCSHARES, INC. [ FUSB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)03/31/2026A398.64(2) (3) (3)Common Stock398.64(2)$15.32,248.71D
Explanation of Responses:
1. The units convert to common stock on a 1-for-1 basis.
2. Includes 6.48 shares attributable to quarterly dividends accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan.
3. The phantom stock units were accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan and are to be settled in common stock at the end of the deferral period.
/s/Beverly J. Dozier, by power of attorney04/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Robert C. Field report for FUSB?

Robert C. Field reported receiving 398.64 Phantom Stock Units tied to FIRST US BANCSHARES, INC. common stock. These units were granted at $15.30 per unit and increased his total deferred Phantom Stock Unit holdings to 2,248.71 units under the non-employee directors’ plan.

How many Phantom Stock Units does Robert C. Field hold after this Form 4 for FUSB?

After the reported award, Robert C. Field holds 2,248.71 Phantom Stock Units. This total includes the newly granted 398.64 units and 6.48 units attributable to quarterly dividends accrued under FIRST US BANCSHARES, INC. Non-Employee Directors' Deferred Compensation Plan.

What are Phantom Stock Units in the FUSB Form 4 for Robert C. Field?

The Phantom Stock Units reported by Robert C. Field represent deferred rights that convert into FIRST US BANCSHARES, INC. common stock on a 1-for-1 basis. They are accrued under the Non-Employee Directors' Deferred Compensation Plan and will be settled in common stock at the end of the deferral period.

At what price were the FUSB Phantom Stock Units granted to Robert C. Field?

The 398.64 Phantom Stock Units granted to Robert C. Field were valued at $15.30 per unit. This price is used for reporting and compensation purposes, while the units themselves convert into an equal number of FIRST US BANCSHARES, INC. common shares at settlement.

How are dividends reflected in Robert C. Field’s Phantom Stock Units at FUSB?

Robert C. Field’s reported Phantom Stock Unit balance includes 6.48 additional units attributable to quarterly dividends. These units accrue under the FIRST US BANCSHARES, INC. Non-Employee Directors' Deferred Compensation Plan, effectively reinvesting dividend value as extra phantom units instead of immediate cash payments.

When will Robert C. Field’s Phantom Stock Units in FUSB be settled?

The Phantom Stock Units accrued by Robert C. Field are scheduled to be settled in FIRST US BANCSHARES, INC. common stock at the end of the applicable deferral period. Until then, they remain as deferred phantom units tracking the company’s common stock on a 1-for-1 basis.